hits a historic high of $4,007 per ounce, investors are scrambling for answers. This is the first time gold has crossed the $4,000 mark. Prices have surged over 4% this week, signaling a strong rally and renewed interest in safe-haven assets. The rise comes amid multiple global and domestic pressures. The ongoing U.S. government shutdown has fueled uncertainty in the market. At the same time, expectations of Federal Reserve interest rate cuts are making yield-bearing assets less attractive. Investors are t ...

黄金价格表现 - 黄金价格在过去六个月上涨27.01%，年内至今上涨53.85%，首次突破每盎司4000美元大关，成为年内表现最佳的资产之一 [1] - 市场预期美联储10月降息概率为94.6%，12月降息概率为99.3%，降息将导致美元走弱，提升黄金需求并推动价格上涨 [4] - 高盛将2026年12月的黄金价格预测从每盎司4300美元上调至4900美元 [6] 黄金市场驱动因素 - 黄金价格上涨主要受黄金ETF强劲的资金流入、美元走弱以及各国央行的持续购买推动 [1] - 市场对美联储进一步降息的预期、持续的政治和地缘政治紧张局势以及强劲的基本面指标可能推动黄金涨势延续至2026年 [2] - 投资者对黄金ETF的需求在9月激增，黄金支持基金出现三年多来最大的月度资金流入 [6] 投资策略与建议 - 瑞·达利欧建议投资者可将投资组合中高达15%的比例配置于黄金 [3] - 在当前环境下，采取长期被动投资策略是应对短期市场波动的首选方法，投资者应采取"逢低买入"策略 [9] - 投资者不应因金价可能出现的下跌而气馁 [9] 实物黄金ETF - 可供考虑的实物黄金ETF包括SPDR Gold Shares (GLD)、iShares Gold Trust (IAU)、SPDR Gold MiniShares Trust (GLDM)、abrdn Physical Gold Shares ETF (SGOL) 和 iShares Gold Trust Micro (IAUM) [8] - GLD一个月平均交易量为1448万股，是流动性最高的选择，资产规模达1286.4亿美元，为同类最大 [8][10] - GLDM和IAUM的年费率分别为0.10%和0.09%，是成本最低的选择，更适合长期投资 [10] 金矿商ETF - 金矿商ETF聚焦于黄金开采公司，通常会放大黄金的涨跌幅，提供对黄金开采行业的敞口 [11] - 可供考虑的金矿商ETF包括VanEck Gold Miners ETF (GDX)、Sprott Gold Miners ETF (SGDM)、VanEck Junior Gold Miners ETF (GDXJ) 和 Sprott Junior Gold Miners ETF (SGDJ) [11] - GDX一个月平均交易量为2421万股，是流动性最高的选择，资产规模为229.6亿美元，为同类最大，SGDM和SGDJ的年费率为0.50%，是成本最低的选择 [12]

$4,000 per ounce for the first time in history. Spot gold is trading near $4,014, marking a stunning 50% gain year-to-date. Investors are rushing to gold as fears over inflation and global instability rise. The precious metal is drawing attention worldwide. Traders see gold as a safe-haven amid economic uncertainty. Rising prices have triggered headlines across markets, signaling one of the strongest rallies in years. Inflation concerns continue to push investors toward stable assets. With central banks buy ...

黄金市场表现 - 黄金价格创下历史记录，达到每盎司4000美元 [1] - 美国黄金ETF在9月份资金流入超过90亿美元，创下单月历史最高纪录 [3] - 道富规模1240亿美元的SPDR Gold Shares在9月流入35亿美元，但其在8月的净销售额更高，达41亿美元 [3] 市场驱动因素 - 投资者因美国政府关门等不确定性而转向黄金和加密货币等去中心化资产 [2] - 当前政府关门因特朗普政府提议永久性裁员而感觉更为严重，且导致9月就业数据延迟发布，加剧了对美联储独立性及通胀等问题的担忧 [2] - 历史性制度信任受损，包括政治暴力、机构武器化、联盟关系紧张以及政府关门，促使投资者调整策略 [2][3] 机构观点与预测 - 历史数据显示黄金20年年化回报率为11%，高于股票的9%和全球债券的2% [4] - 高盛分析师预测到2026年底黄金现货价格将接近每盎司5000美元 [4] - 财务顾问认为黄金在危机时期表现最佳，并建议客户配置黄金资产以防范市场意外 [4][5]

U.S.-listed ETFs pulled in $138.1 billion in September, the strongest month of the year so far. That total easily surpassed August’s $119.3 billion and lifted year-to-date inflows to $930.7 billion, putting the industry on pace to cross the $1 trillion mark as soon as this month. That would set ETFs up to eventually eclipse last year’s record haul of $1.1 trillion. Equities Dominate U.S. equity ETFs led the way, taking in $65.9 billion during the month, roughly half of total inflows. International equi ...

The links between Bitcoin and gold run much deeper than their shared role as a store of value and hedge against inflation. | Credit: Sven Hoppe/picture alliance via Getty Images. Key Takeaways Bitcoin is often referred to as “digital gold.” The analogy runs much deeper than their shared role as a store of value. Both assets are embedded in the global financial system, partly thanks to high-profile cheerleaders like Paolo Ardoino. The common analogy between Bitcoin and gold emphasizes shared featur ...

黄金价格表现及驱动因素 - 过去一个月黄金价格上涨10.63% 年初至今上涨42.9% 创历史新高并连续六周保持上涨势头 [1][2] - 美元走弱 央行持续购买 地缘政治紧张局势 避险需求以及ETF自2022年以来最高资金流入共同推动金价上涨 [1][2] - 美联储2025年9月首次降息支撑金价上涨 利率下调削弱美元 使持有其他货币的买家更能负担黄金 [3] 利率政策预期影响 - 美国第二季度GDP增长超预期缓解了额外降息预期 市场预计10月降息概率87.7% 12月降息概率96.6% [4] - 即使美联储不再降息 市场已定价2025年两次降息 任何偏离预期的行动都可能因投资者紧张情绪推高金价 [5] 实物黄金ETF产品 - SPDR Gold Shares(GLD)月均交易量1333万股 资产规模1212.4亿美元 流动性最佳 [7][9] - GLDM和IAUM年度费率最低 分别为0.1%和0.09% 更适合长期投资 [9] - 其他可选产品包括iShares Gold Trust(IAU) abrdn Physical Gold Shares ETF(SGOL) [7] 金矿商ETF产品 - VanEck Gold Miners ETF(GDX)月均交易量2294万股 资产规模216.4亿美元 流动性最佳 [11][12] - Sprott系列ETF(SGDM/SGDJ)年度费率0.5% 为同类最低 [12] - VanEck Junior Gold Miners ETF(GDXJ)表现突出 过去一个月上涨23.82% 过去一年上涨76.85% [12] 投资策略建议 - 长期被动投资策略更适合应对短期市场波动 建议采用逢低买入策略 [8] - 黄金在宏观经济和地缘政治不确定性加剧环境下仍是重要对冲工具 [6]

9/02/2025As gold prices hit record highs, most mining stocks are... INVESTING RESOURCES Take a Trial Today Get instant access to exclusive stock lists, expert market analysis and powerful tools with 2 months of IBD Digital for only $20! BREAKING: Bullish Rebound Pares Market's Weekly Losses Traders always invest in gold when market uncertainty rises. But what happens when gold is tracking inflows — as markets still point to strength? Gold ETFs have recently continued to trend higher, with SPDR Gold Shares ( ...

Gold’s rally looks set to extend further, supported by the Fed’s September cut and two additional cuts expected later in the year. The price of the precious metal has risen 11.19% over the past month and 41.48% year to date.Strong fundamental indicators could extend gold’s gains into late 2025 and 2026, boosting the case for increased portfolio allocation. This year’s rally has been fueled by dollar weakness, sustained central bank buying and safe-haven demand amid geopolitical and trade tensions.With the g ...

市场趋势 - 股票和债券市场出现罕见同步上涨 通常股票上涨时债券下跌 但当前两者同时走高[1][5][6] - 夏季股市上涨10%后持续至9月 历史数据显示这种模式往往预示强劲第四季度表现 SPDR S&P 500 ETF从5月底600美元以下升至9月中660美元[3][4] - 美联储自2024年12月以来首次降息25个基点 市场提前反应利率调整预期[6] 能源板块 - 美国石油基金在70-85美元宽幅震荡后 关键技术位72美元若失守可能快速跌向68-69美元区间[8] - 季节性因素显示原油价格7月后通常走弱 地缘政治紧张未改变能源板块疲软态势[9] 贵金属板块 - SPDR黄金ETF夏季以来上涨超10% 经通胀调整后黄金价格创历史新高[10] - 零售投资者参与度低迷 表明机构资金持续将黄金作为避险资产配置 实际收益率下降强化看涨逻辑[10][11] 科技板块 - Roundhill七巨头ETF自6月以来上涨20% 特斯拉因CEO10亿美元内部增持大涨 Alphabet成为第四家市值突破3万亿美元公司[12] - 超大市值科技公司持续引领市场 资金集中流向云计算 人工智能和数字基础设施领域[13]